How is Delaware doing in home sales?

Much has been written about how poorly homes sales nationwide were in 2007, and I'm sure the data is correct in what they said. When you consider that normal housing appreciation rates have been 3-5% for many years, the 2003-2006 period with rates of 10-20% were abnormal and clearly not sustainable, else ordinary families wouldn't be able to afford even a starter home shortly.

Central Delaware housing exhibited some decline in units sold and price in 2007 as most areas of the Country, but is clearly alive and well, with sold units equal to that seen in 2004. So far this year I am encouraged at the number of inquiries and pending transactions (buying and selling).

Clearly, real estate continues to be a good investment especially with the many bargains available, Also, if you stop to think about it, what other investment allows you to live in it and enjoy its benefits while it continually appreciates in value.